who would know better?
Lutecia James won’t stop her vendetta against Trump
- Thread starter Lisa558
- Start date
Agents and Brokers are very heavily regulated and so are appraisers. The mortgage lenders are closely watched by the actual lender of the cash in question. This is why the bank granting the loans to Trump defended him in court. Also, Trump was not charged with a crime.
And?
Sherlock Holmes
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Not many Americans that much is obvious.
Edgetho
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Appraiser News Editions, Real Estate Appraisers
Category:
0
> McKissock Learning
> AMC Guide
> OREP E&O
★★★★★
“They are knowledgeable,
professional, and understand
urgency.” – Joe Thweatt
[td width="151px"]
[/td]
Appraiser Disciplinary Levels and Their Consequences
by Kendra Budd, Editor
Years ago, the appraisal industry used to be an unlicensed and vastly unmonitored business. Nowadays, that is far from the case. Years ago, it was decided that states needed a standard of practice, but how were they going to determine those standards? That’s when states began adopting USPAP.
The Uniform Standards of Professional Appraisal Practice (USPAP) soon became the generally recognized ethical and performance standard for the appraisal profession in the United States. States began to immediately enforce USPAP, with each state deciding the level of sanction based on the facts and circumstances of each case. Decades later, the “Voluntary Appraiser Disciplinary Action Matrix” was offered to the states. These were created to discipline appraisers as needed, based on the level of their violation. Many states do not use the matrix.
In his CE course, Learning from the Mistakes of Others, attorney and educator Mel Black explains the appraisal disciplinary levels and the consequences that follow once an appraiser is in violation of them. It’s important for appraisers to be aware of these disciplinary actions, so they know how to best avoid potential mistakes.
Here’s what we learned.
The Ethics Rule
The Ethics Rule as described by USPAP is: “An appraiser must promote and preserve the public trust inherent in appraisal practice by observing the highest standards of professional ethics.” Meaning that an appraiser must comply with USPAP when required by law or regulations, or by agreement with a client.
The Ethics Rule is divided into three sections:
• Conduct
The conduct portion of the Ethics Rule refers to the fact that, an appraiser must perform assignments without impartiality, objectivity, and independence—all without accommodation of personal interests. “An appraiser must not perform an assignment with bias; must not advocate the cause or interest of any party or issue, must not accept an assignment that includes the reporting of predetermined opinions and conclusions,” explains Black.
This section even goes into detail that an appraiser must not engage in criminal conduct.
“The conduct section is simple,” Black explained, “Be independent, impartial, and objective in everything when acting as an appraiser and focus on appraising the property and not the people. That’s it.” Essentially, the conduct section is put into place to make certain that appraisers are always conducting themselves in a professional manner.
• Management
Management is set in place to ensure an appraiser must disclose that they paid a fee or commission, or gave a thing of value in connection with the procurement of an assignment. According to USPAP, said disclosure “must appear in the certification and in any transmittal letter in which conclusions are stated.” However, the amount paid to the appraiser is not required to be disclosed.
Furthermore, Black emphasizes, “this clause means an appraiser must not accept an assignment, or have a compensation that is contingent on the reporting of a predetermined result, the amount of a value opinion, or a direction in assignment results that favors the cause of the client, etc.” This section even applies to an appraiser’s advertisements that might be false, misleading, or exaggerated.
• Confidentiality
Finally, confidentiality is pretty self-explanatory in nature. An appraiser not only must protect the confidentiality of the appraiser-client relationship, but also must act in good faith with regards to the legitimate interest of the client, as well as have a complete understanding of confidentiality and privacy laws applicable with an assignment.
This includes that an appraiser must not disclose any confidential information or assignment results to anyone other than the client, or parties they have specially authorized, state appraiser regulatory agencies, or any third party authorized by law.
An appraiser must take all reasonable steps to safeguard all confidential and assignment results, and to make sure that their employees are aware of the prohibitions on disclosure of the information as well. “If an appraiser’s activity is in conflict of the confidentiality section, they not only risk getting punished by the state, but may also face civil liability as well,” Black informs us.
(story continues below)
Appraiser Disciplinary Levels and Their Consequences
> McKissock Learning > AMC Guide > OREP E&O ★★★★★ “They are knowledgeable, professional, and understand urgency.” – Joe Thweatt Appraiser Disciplinary Levels and Their Consequences by Kendra Budd, Editor Years ago, the appraisal industry used to be an unlicensed and vastly unmonitored business...www.workingre.com
WTF are you posting? Do you even understand it? At all?
States license appraisers. Without a license they can't operate. Period. End of discussion. The State controls the licensing. People start filing complaints and they WILL suspend your license. And if they're in a pissy mood, will revoke it and place the burden of proof on you.
True, not many Americans are socialist
In 2022, Forbes estimated the value of the estate at around $350 million.
Edgetho
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Do that now and you'll get your dick in a wringer. There are specific laws against it.
But I live in Florida, which is a little rough. Getting a house to appraise down here isn't always a slam dunk. At all. Not anymore. That shit stopped around 2009.
Sherlock Holmes
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The nice one's are.
haha there is nothing nice about socialism,. it makes people poor. That's not nice
IM2
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Lie.
Sherlock Holmes
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My appraiser's license was a federal appraiser license. Maybe now what you claim is true.
What can I appraise as a Licensed Residential Real Property Appraiser?
A Licensed Residential Real Property Appraiser can appraise one to four (non-complex) residential units with a transactional value of less than $1 million, and one to four (complex) residential units with a transactional value of less than $400,000.What steps do I need to take?
Step 1: Education requirement: at least 150 hours* of qualifying education:- Trainee Real Property Appraiser License or appraiser trainee qualification education (at least 75* hours)
- Residential Market Analysis and Highest & Best Use (15 Hours)
- Residential Site Valuation and Cost Approach (15 Hours)
- Residential Sales Comparison and Income Approaches (30 Hours)
- Residential Report Writing and Case Studies (15 Hours)
Step 2: Complete 1,000 hours of experience under a supervisor. Be sure to consider our PAREA alternative for gaining your experience.
Step 3: Pass the National Licensed Residential Real Property Appraiser Exam.
Step 4: Pass a background check.
Step 5: Submit your application and fees to your state board.
Marener
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And what if you were legally forbidden from developing the land? Can you still claim it’s half a million per acre?
You dembots really live in a alternative universe, were reality doesn't exist
Politics
Federal campaign watchdog fines DNC, Clinton campaign over dossier spending disclosure
The conciliation agreements found “probable cause to believe” that both the campaign and national party “misreport[ed] the purpose of certain disbursements.”Federal campaign watchdog fines DNC, Clinton campaign over dossier spending disclosure
The conciliation agreements found “probable cause to believe” that both the campaign and national party “misreport[ed] the purpose of certain disbursements.”
www.politico.com
The FEC fined both organizations after a pair of now years-old complaints — one from the Campaign Legal Center and another from the conservative Coolidge Reagan Foundation — alleged that the party and campaign reported payments to the powerhouse Democratic law firm Perkins Coie as legal expenses, when in actuality some of the money was earmarked for “paying Fusion GPS through Perkins Coie to conduct opposition research on Donald Trump,” as the Campaign Legal Center’s original complaint read.
Clinton and the DNC, laundered money through a corrupt law firm, to pay a foreign national for russian disinformation, and interfere in our election.
Marener
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You can claim whatever you want, it's value is whatever someone is willing to pay.
Marener
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The appraiser said it’s worth $15 million. What’s unique about an empty piece of land?
Police aren't socialized...what are you talking about? There are all sorts of private security someone can purchase.
and that video was from the University of Louisville Hospital....ie state run.
Geez dembot
depends were it's located, is it beach front? in the mountains? on a golf course?
Real Estate is in itself unique because unlike other property, there is only so much of it.
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